Euro zone consumer confidence falls in November
















BRUSSELS (Reuters) – Euro zone consumer confidence fell in November compared to the previous month, the first estimate from the European Commission showed on Thursday.


The Commission said consumer confidence in the 17-member euro zone slipped to -26.9 this month from a revised October figure of -25.7.













Consumer spending accounts for more than half of euro zone economic output, but with the effects of the debt crisis cutting disposable income, households have been in no position to contribute much to economic recovery.


In the wider 27-member European Union, consumer sentiment improved a fraction, to -23.7, compared to -24.3 last month.


EU leaders want to drive economic growth and employment after nearly three years of crisis and austerity, but the bloc has little immediate cash to invest and faces the longer-term challenge of falling productivity and an ageing workforce.


For European Commission data click on:


http://ec.europa.eu/economy_finance/db_indicators/surveys/index_en.htm


(Rex Merrifield, Brussels newsroom)


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Fitch cuts Sony, Panasonic debt ratings to “junk” status
















TOKYO (Reuters) – Ratings agency Fitch downgraded the debt ratings of Japan’s Sony Corp and Panasonic Corp to “junk” status citing weakness in their consumer electronics and TV operations, further diminishing the luster of the once-great Japanese brands.


The cut to below investment grade, the first by a ratings firm, comes as the floundering Japanese tech giants face weak demand and fierce competition from Apple Inc and Samsung Electronics.













A strong yen and bumps in China, where growth has slowed and Japanese goods have been targeted in sometimes violent protests recently, have also weighed on their earnings.


The two companies, along with Sharp Corp, racked up combined losses of $ 20 billion last year, leading them to axe jobs, sell assets and close facilities.


“Both Sony and Panasonic are struggling to generate operating profits, but each is restructuring and I don’t envision the current situation continuing,” said Masahi Oda, Chief Investment Officer at Sumitomo Mitsui Trust Bank.


“A collapse of their core business would be a problem, but we are not at the point yet, and to me Fitch looks too negative,” Oda added.


Fitch downgraded Sony by three notches to BB-minus from BBB- minus, saying meaningful recovery will be slow. The move came after Sony, the maker of PlayStation game consoles and Vaio laptops, last week announced plans to raise 150 billion yen ($ 1.82 billion) through the sale of convertible bonds.


“Fitch believes that continuing weakness in the home entertainment and sound and mobile products and communications segments will offset the relatively stable music and pictures segments and improvement in the devices segment which makes semiconductors and components,” it said in statement.


In a separate statement, Fitch cut Panasonic to BB from BBB-minus, a two-notch downgrade, citing weakened competitiveness in its TVs and display panels as well as weak cash generation from its operations. It has a negative outlook on both the companies.


The downgrade sent Sony’s five-year credit default swaps (CDS), insurance-like contracts against debt default or restructuring, 5 basis points wider to 382.5/402.5 basis points.


Panasonic’s CDS for the same maturity were quoted at 295/315 basis points, 15 basis points wider than in Thursday morning Asian trade.


Standard & Poor’s rates the two consumer electronics makers at BBB, the second lowest of the investment grade, while Moody’s Investors Service has Baa3 on them, the lowest of the high-grade category.


With two of the three major ratings agencies still having the two companies as investment grade, institutional investors won’t face too great a pressure to cut their debt holdings in them, analysts said.


SONY SHARES TUMBLE


Sony shares shed 4.4 percent in Frankfurt on Thursday. The shares ended 1.8 percent higher at 834 yen in Tokyo before the Fitch announcement, trading not too far from their 32-year closing low of 793 yen hit on November 15. Sony stock is down 40 percent so far this year.


Panasonic shares were down 0.6 percent in Frankfurt in low volume. The stock inched up 0.7 percent to close at 407 yen in Tokyo trading, near its 34-year closing low of 385 yen reached on November 13.


Last month, Panasonic cut its forecast and warned it will lose close to $ 10 billion in the year to March, as it writes off billions of yen in tax-deferred assets and goodwill related to its mobile phone, solar panel and small lithium battery businesses.


Ahead of its earnings revision, Panasonic won $ 7.6 billion in loan commitments in October from banks including Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group, a funding backstop it says will help it avoid having to seek capital from credit markets.


Sony made a small operating profit in the July-September quarter, helped by the sale of a non-core chemicals business, and kept its forecast for a full-year profit of $ 1.63 billion.


(Additional reporting by Dominic Lau in Tokyo and Umesh Desai in Hong Kong; Editing by Muralikumar Anantharaman)


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SpongeBob Christmas special goes stop-motion
















LOS ANGELES (AP) — How does “It’s a SpongeBob Christmas!” squeeze even more fun out of our porous little hero and the Bikini Bottom gang? By turning the animated characters three-dimensional for their holiday special.


In a tribute to classic fare such as “Rudolph the Red-Nosed Reindeer,” the “SpongeBob SquarePants” crew has been re-imagined as puppets and put through their comedy paces for stop-motion photography.













The story line as dreamed up by Tom Kenny, the voice of SpongeBob, and his musical collaborator Andy Paley: The denizens of Bikini Bottom are suddenly rude because of exposure to jerktonium, a plot by naughty Plankton to get on Santa’s (voiced by guest star John Goodman) nice list.


Plankton “wants to put everyone on their worst behavior when they should be on their best behavior, and zany mayhem ensues,” Kenny said.


“It’s a SpongeBob Christmas!” debuts 9:30 p.m. EST Friday on CBS, followed by an encore on the show’s home network, Nickelodeon, at 7:30 p.m. EST Sunday, Dec. 9.


The first-time foray into stop-motion is a welcome change for the 13-year-old “SpongeBob,” Kenny said.


“It’s fun that after all these years we can still do stuff that’s a little different. It’s like reinventing the wheel a little bit — if you can refer to a square character as a wheel,” he added, unable to resist the quip.


The actor looks back fondly on childhood memories of “Rudolph” from the Rankin-Bass studio and other stop-action projects. Even the TV commercial that put Santa on an electric razor subbing for a sleigh gets a Kenny shoutout.


Asked if young viewers might be fazed by seeing the familiar characters in a new guise, Kenny mulled the question before rebutting it.


“The characters act the same, the recording process is exactly the same. Our job is exactly the same. … There’s still plenty of the animated mayhem and anarchy that happens in the 2-D version of the show.”


Screen Novelties, the Los Angeles studio that produced the Christmas special, made a feast out of the job. In just one of their inventive approaches, filmmakers used fruit-flavored cereal to create a coral reef.


“I came to the studio and they had hundreds of boxes of cereal open and were hot-gluing it together,” Kenny recalled.


The Patrick Star puppet was covered in wool-like material and SpongeBob “wasn’t a sponge but some kind of weird material they found somewhere,” he said. “They’re like ‘MacGyver,’ always repurposing something.”


The TV special has a small element of recycling. Kenny calls it a testament to “a goofy little song” he and Paley wrote three years ago — “Don’t Be a Jerk, (It’s Christmas).”


“Bring joy to the world, it’s the thing to do. But the world does not revolve around you. Don’t be a jerk, it’s Christmas” is among its bouncy yet cautionary verses.


The tune is among a dozen included on the digital release “It’s a SpongeBob Christmas! Album,” most written by Kenny and Paley (a songwriter-producer who’s worked with artists including Brian Wilson and Blondie). Four songs are part of the special.


Music fans might want to check out the album for its craftsmanship. The veterans who play on it include harpist Corky Hale and harmonica player Tommy Morgan, both of whom have backed a roster of big stars, including Billie Holliday and Frank Sinatra.


The recording sessions proved an early holiday gift for Kenny.


“We’d spend a half-hour working and then make the musicians tell stories about who they played with,” he said.


___


Online:


http://spongebob.nick.com/


http://www.cbs.com/


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Do drunks have to go to the ER?
















NEW YORK (Reuters Health) – With the help of a checklist, ambulance workers may be able to safely reroute drunk patients to detoxification centers instead of emergency rooms, according to a new study.


Researchers in Colorado found no serious medical problems were reported after 138 people were sent to a detox center to sleep it off, instead of to an ER.













In 2004, according to the researchers, it’s estimated that 0.6 percent of all U.S. ER visits were made by people without any problems other than being drunk. Those visits ended up costing about $ 900 million.


“Part of the issue has been – as it is in many busy ER departments – there’s a lot of chronic alcoholics that are brought in by ambulance, police or just come in. Often they are brought in because they have not committed a crime or there is limited space in our detoxification center. So the majority were brought to the ER department,” said Dr. David Ross, the study’s lead author from Penrose-St. Francis Health Services in Colorado Springs.


Ross said the ambulance company where he serves as medical director created the checklist with the help of the local detox center, which provided limited medical care by a nurse, and the local hospitals to reduce the number of drunks without medical needs being sent to the local ERs.


They created a checklist with 29 yes-or-no questions, such as whether the patient is cooperating with the ambulance worker’s examination and if the patient is willing to go to the detox center.


The patient was sent to the ER if the ambulance worker checked “no” on any question.


The researchers then went back to look at the patients they transported between December 2003 and December 2005 to see whether or not any of them ended up having serious medical problems at the detox center.


During that two year period, the ambulance workers transported 718 drunks. The detox center received 138 and the local ERs got 580.


Overall, 11 of the patients who were taken to detox were turned away because there was no room, their blood alcohol level exceeded the limit, their family came to pick them up or they were combative.


Another four patients at the detox center were taken to the ER because of minor complications, including chest and knee pain. However, there were no serious complications reported.


“We really believe that we did not miss anybody with a serious illness and injury that didn’t go to the ER as they should have,” said Ross.


But the researchers write in the Annals of Emergency Medicine that their study did have some limitations.


Specifically, the researchers did not plan in advance to do a study when they were creating the checklist, which means their findings are limited to whatever information was collected at the detox center and ERs.


Also, the number of people who were sent to the detox center in their study is relatively small, so it’s hard to tell how many serious complications they’d see among a larger group of people.


“We tried to estimate how likely we would have been to encounter a serious event… We estimated at most we’d encounter three serious adverse events (in 748 patients),” Ross told Reuters Health.


SOURCE: http://bit.ly/QgPCT5 Annals of Emergency Medicine, online November 9, 2012.


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Leading economic indicator rises in October
















WASHINGTON (Reuters) – A gauge of future U.S. economic activity rose marginally in October, pointing to modest growth in the near term.


The Conference Board said on Wednesday its Leading Economic Index increased 0.2 percent to 96.0 after advancing 0.5 percent in September. It was the second consecutive month of gains and was in line with economists’ expectations.













“Based on the trends, the economy will continue to expand modestly through the early months of 2013,” said Ken Goldstein, an economist at the Conference Board.


Goldstein said superstorm Sandy, which ravaged the East Coast at the end of October, was not yet fully reflected in the LEI data. He cautioned, however, that the storm could adversely affect consumer spending and home building in the short-term.


“In addition, the outcome of the fiscal cliff debates is another factor that could alter the outlook,” said Goldstein.


The fiscal cliff refers to automatic government spending cuts and higher taxes that could suck about $ 600 billion from the economy early next year. Business confidence has taken a dive in recent months on fears of tighter fiscal policy.


(Reporting By Lucia Mutikani; Editing by Andrea Ricci)


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NJ jury convicts NY man in iPad data breach case
















NEWARK, N.J. (AP) — A federal jury on Tuesday convicted a man of illegally gaining access to AT&T‘s servers and stealing more than 120,000 email addresses of iPad users including New York Mayor Michael Bloomberg and film mogul Harvey Weinstein.


Andrew Auernheimer, of New York, was convicted of identity theft and conspiracy to gain unauthorized access to computers. Each count carries a maximum prison sentence of five years.













Prosecutors said the former Fayetteville, Ark., resident was part of an online group that tricked AT&T’s website into divulging email addresses including those of Bloomberg, Weinstein, then-White House chief of staff Rahm Emanuel, who’s now Chicago’s mayor, and other celebrities.


The group then shared the addresses with the website Gawker, which published them in redacted form accompanying a news article about the breach, prosecutors said.


A second man arrested with Auernheimer early last year, Daniel Spitler, of San Francisco, pleaded guilty that June.


At the time of the arrests, U.S. Attorney Paul Fishman said there was no evidence the men used the swiped information for criminal purposes. But authorities cautioned that it could have wound up in the hands of spammers and scam artists.


According to court papers, the men used a computer script they called the iPad3G Account Slurper to fool AT&T’s servers into thinking they were communicating with an iPad. The theft of the email addresses occurred in June 2010.


Prosecutors said at the time of Auernheimer’s arrest that he had bragged about the operation in a blog posting and in an interview with CNET published online after the Gawker article. Court papers also quoted him declaring in a New York Times article: “I hack, I ruin, I make piles of money. I make people afraid for their lives.”


Auernheimer, after he was charged and released on bail, had declined to comment.


iPad maker Apple Inc., based in Cupertino, Calif., referred questions to AT&T, which acknowledged a security weak spot on a website that exposed the email addresses. AT&T said the vulnerability affected only iPad users who signed up for its 3G wireless Internet service and said it had fixed the problem.


Gadgets News Headlines – Yahoo! News



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Academy Sues Over “Deer Hunter” Oscar Statuette
















LOS ANGELES (TheWrap.com) – A possibly counterfeit Oscars trophy for the 1978 film has sparked a very real lawsuit.


The Academy of Motion Picture Arts and Sciences has filed suit in U.S. District Court in Washington state over an Oscar statuette that “was either a genuine statuette or a very convincing counterfeit.”













If it’s real, the trophy was the one awarded to Aaron Rochin for his sound work on the 1978 film “The Deer Hunter.”


The Academy is suing Washington resident James Dunne, who sold the statue, and Edgard G. Francisco, who purchased it.


Dunne initially offered the statuette for sale on eBay in September but deleted the listing for fear that the Academy might discover it, according to the suit, which was filed last week. He later privately sold the statue of Florida resident Francisco for $ 25,000, the suit says.


The suit goes on to allege that after an appraisal, Francisco decided the statuette was fake and demanded a $ 15,000 refund. Dunne claims he provided a full refund. He also claims that he told Francisco that the trophy might not be authentic before he bought it.


Dunne told the Academy that he had either picked up the statuette at a moving sale or obtained it from a third party who got it at an estate sale.


After getting the refund, the suit says, Francisco threw the statuette away.


The Academy’s suit is two-fold: If the trophy was real, the Academy is seeking restitution for the loss of its property; if it was fake, the Academy claims that the pair infringed on the organization’s Oscars copyright.


The latter would seem to be the more probable scenario in this case. For one thing, the Academy says that the identification number for the statuette would place its manufacture in 1979, while the eBay auction billed it as a “Rare Pre-1950 Academy of Motion Picture Arts and Sciences OSCAR Statue Award!”


The Academy is asking for unspecified damages, plus suit costs and attorneys’ fees.


(Pamela Chelin contributed to this report)


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Watch: Baby With Outside Heart Saved by Surgeons
















Home > Video > Health > Health News



Baby With Outside Heart Saved by Surgeons













Baby With Outside Heart Saved by Surgeons


Doctors in Houston reconstructed Audrina’s chest to make room for her heart.




A Day in the Life of Immigration Equality


A Day in the Life of Immigration Equality


Organization provides LGBT immigrants and asylum seekers with legal counsel and advocates for reform.




Teen Gymnast Paralyzed During Practice


Teen Gymnast Paralyzed During Practice


Jacoby Miles, 15, lost feeling from the chest down after landing on her neck at practice.




Great Apes Also Get the Mid-Life Crisis


Great Apes Also Get the Mid-Life Crisis


New research shows getting older is not so great for apes either.




Young Boys Exercising to Extremes


Young Boys Exercising to Extremes


A new study in the Journal Pediatrics shows an alarming number of boys using steroids.




Paralyzed Dogs Walk Again With Nose Cell Transplant


Paralyzed Dogs Walk Again With Nose Cell Transplant


Results of Cambridge University study show how mobility is restored to the legs.




RAINN Urges Young Sexual Assault Victims to Tell


RAINN Urges Young Sexual Assault Victims to Tell


Rape, Abuse and Incest National Network campaign helps survivors of child sexual abuse.




Miss America Contestant to Undergo Double Mastectomy


Miss America Contestant to Undergo Double Mastectomy


Miss D.C. Allyn Rose discusses preventative procedure to avoid breast cancer.




Robin Roberts Bone-Marrow Transplant Update: Day 60


Robin Roberts Bone-Marrow Transplant Update: Day 60


The “GMA” Anchor wrote about how she is doing after a brief stay back in the hospital.




Maine Man Hiccups for 13 Days and Counting


Maine Man Hiccups for 13 Days and Counting


Doctors struggle to find a cure for the man’s non-stop hiccups.




Miss America Contestant to Undergo Double Mastectomy


Miss America Contestant to Undergo Double Mastectomy


Genetically predisposed to cancer, Allyn Rose, 24, elects to take preventative measure after January pageant.




Woman Gives Birth to Largest Triplets Ever


Woman Gives Birth to Largest Triplets Ever


California mother gives birth to heaviest triplets on record, weighing a combined 20 pounds.



Health News Headlines – Yahoo! News



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The New York Times’ Murdoch Moment
















Why is Mark Thompson increasingly reminding us of James Murdoch?


Not long ago, Thompson and Murdoch were rivals of sorts. Murdoch was the head of News International in London. Thompson was the head of the BBC. Sometimes they took turns criticizing each other’s media operations in public.













Then scandals hit both organizations. And in the aftermath, as they have both repeatedly explained how the problems might have occurred on their watch without them knowing, as they have tried to distance themselves from widening probes and allegations of corporate cover-ups, and as they left London for new jobs in New York, the two rivals have started to sound a lot alike.


Recall Murdoch’s situation first.


In the summer of 2011, revelations of widespread phone hacking at News International triggered a huge wave of public outrage in the U.K., a range of public investigations, and allegations of a company cover-up on Murdoch’s watch.


In the immediate aftermath of the revelations, Murdoch said repeatedly that he was not part of any alleged cover-up; that for a long time he had been led to believe the phone hacking had been limited to a single “rogue” reporter; and that he had never been made aware of any allegations of widespread phone hacking taking place at News International until after the whole thing had erupted in public.


But then a correspondence involving lawyers for Murdoch surfaced, raising questions about those claims.


In the e-mail chain, an editor for one of News International’s papers updated Murdoch on a union official who was suing the company, noting that the situation “is as bad as we feared.” He also forwarded Murdoch two e-mails from company lawyers, one of which explained that the union official was eager to show that phone hacking was “rife” at News International and not limited to a single “rogue” reporter. The e-mail was sent to Murdoch well before the scandal erupted publicly—which seemed to cast serious doubt on his claims that he had been kept in the dark about the possibility of a broader problem.


But even after the e-mail surfaced, Murdoch stood firm.


He explained that when he had originally received the correspondence, he had just returned from overseas, was in the company of his young children, and so he might not have read to the bottom of the e-mail chain. Thus, he had apparently failed to absorb its meaning.


This past week, Thompson offered up a story reminiscent of Murdoch’s.


In October, allegations that the late Jimmy Savile, the former BBC star, had used his position to sexually abuse a large number of minors over the years triggered a huge wave of public outrage in the U.K., touched off multiple investigations, and raised allegations that a company cover-up had taken place on Thompson’s watch.


Like Murdoch, Thompson has denied that he was part of a cover-up. He explained that he had never been made aware of any allegations of sexual abuse until after the whole thing erupted in public.


“During my time as director general of the BBC, I never heard any allegations or received any complaints about Jimmy Savile,” Thompson  told the New York Times in mid-October.


Then a correspondence involving lawyers for Thompson emerged, casting doubt on those claims.


The Times reported that 10 days before Thompson left the BBC in September 2012, lawyers representing him threatened in a letter to sue a newspaper in London that was preparing to publish an article suggesting, among other things, that Thompson had been involved in killing a BBC news investigation into Savile. “Interviews show that the letter included a summary of the alleged abuse, including the allegation that some abuse might have occurred at the BBC,” reported the Times.


Even after the Times broke the news of the letter’s content, however, Thompson stood firm.


An aide to Thompson explained to the Times that while Thompson had “orally authorized the sending of the letter” he might not have read its content—in part, because he had recently been traveling on vacation. In any case, he had apparently failed to absorb its meaning.


In February, Murdoch stepped down as the head of News International and relocated to New York for a job overseeing News Corp.’s (NWSA) international TV businesses. The ongoing investigations into wrongdoing at News International have raised questions about the future of his leadership role at the company. “I look forward to expanding my commitment to News Corporation’s international television businesses and other key initiatives across the Company,” said Murdoch at the time of his announced relocation to New York.


Recently, Thompson relocated to New York to become the new chief executive officer of the New York Times Co. (NYT). The ongoing investigations into wrongdoing at the BBC have raised questions about the future of his leadership role at the company. Last week, on his first day at work, camera crews greeted him outside his new office. A reporter asked if the crisis at the BBC would impact his role at the Times.  ”No,” said Thompson. “I believe that it will not in any way affect my new job, which I’m starting right now.”


Businessweek.com — Top News



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Kopp: Impostor filed motion in NY Facebook case
















BUFFALO, N.Y. (AP) — Lawyers fighting a New York man’s ownership claim against Facebook Inc. say a bizarre motion bearing the name of convicted abortion doctor killer James Charles Kopp earlier this month was apparently filed by an impostor.


In court papers, Facebook lawyers say they received a sworn statement from the imprisoned Kopp Monday denying he’s filed any motion in Paul Ceglia‘s lawsuit. An accompanying letter from Kopp to the federal judge handling the case says someone is impersonating him.













The motion signed with Kopp’s name had sought permission to intervene in Ceglia’s lawsuit while accusing Ceglia of a litany of personal slights, threats and crimes. Kopp’s serving life in prison for the 1998 killing of Dr. Barnett Slepian in suburban Buffalo.


Facebook says the Kopp motion, even if it’s real, should be denied.


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